Mombasa-based Milly Glass Works plans to invest Sh330 million in a pharmaceutical glass bottles plant at Dongo Kundu SEZ.
The facility will produce 290,000 tonnes of bottles annually, creating about 280 permanent jobs and up to 800 jobs during construction.
I would like to finish my playing career with Ravens . I never said anything about retiring lol , I’m enjoying being a Raven . I’ll worry about that retirement sh* later .
KCB Investment Bank has played a pivotal role in structuring and executing some of East Africa's most significant transactions, helping governments, businesses and investors unlock capital, and create long-term value.
Some of the deals the investment bank has executed recently include:
—Safaricom PLC stake sale to Vodafone Group (KES 204B)
—Bamburi Cement PLC acquisition by Amsons Group (KES 23.6B)
—DRC Cement asset-backed financing ($130M)
—Linzi FinCo infrastructure asset-backed security - Talanta Stadium (KES 44.79B)
—Nation Media Group PLC acquisition by Taarifa Ltd.
—Supporting debt issuance within the micro-finance sector for MyCredit, Premier Credit, and Platcorp Group.
Taifa Gas is building a Sh16 billion cooking gas terminal in Mombasa that is now 80% complete.
Once finished, it will be the largest LPG terminal in East Africa and will store 30,000 to 45,000 tonnes of cooking gas, doubling Kenya's LPG storage capacity.
KCB has won a court case to auction Cytonn's Cysuites Apartment Hotel over an unpaid Sh426 million loan.
The High Court ruled that Cytonn could not stop the auction because the hotel is legally owned by Wasini Resorts Ltd.
Kenya loses an estimated Sh92 billion every year to digital piracy, according to the Ministry of ICT.
The practice also costs the government about Sh17 billion in lost tax revenue annually.
Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.
In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super intelligence.
But this week, the limits of Aschenbrenner’s vision were on display when the AI-themed hedge fund he runs — named Situational Awareness, also the title of his viral June 2024 manifesto — ran into the harsh reality of tumbling semiconductor stocks and Wall Street margin calls.
Full story: https://t.co/klLULuU9j1
One of the hardest shifts in personal finance is to go from accumulation mode to living off your wealth
This is one of the times advisors can add so much value
It is such a hard psychological shift
KRA is introducing a new system that requires importers to declare details of goods before they arrive in Kenya.
The new Advance Cargo Declaration system is set to begin on August 3, 2026, and will apply to all containerised cargo arriving at Kenyan ports